A charged off car loan is treated in bankruptcy like any other car loan. You need to look beyond the issue of whether the debt is charged off and look at the type of debt it is. The type of … Continue reading →
Tax refunds in bankruptcy are a tricky issue. A tax refund is a valuable asset to you and your bankruptcy estate. Whether you get to keep your tax refund depends on what kind of bankruptcy you file (Chapter 7 or … Continue reading →
The financial difficulties resulting from a criminal matter are one of the many reasons that people file for bankruptcy. Many criminal matters result in court fines being assessed against the wrongdoer. Clearing, or discharging, court fines by filing bankruptcy sounds … Continue reading →
If you are filing a Chapter 7 and meet the income requirements, you can ask the court to waive your filing fee. When you file bankruptcy, the court charges a filing fee. For a Chapter 7, it is $335. For … Continue reading →
A bankruptcy has very little effect on child support. If you paid child support before you filed bankruptcy, you are still going to have to pay it after you file. If you were behind on child support payments before you … Continue reading →
If you owe debts that you’re having trouble paying, your creditors are probably trying to collect from you using phone calls, nasty letters, and perhaps even lawsuits. If your creditor takes the next step and garnishes your wages, in many … Continue reading →
The short answer is “No.” Your employer will deduct taxes and other necessary items from your gross wages before subtracting a wage garnishment owed to a creditor. In this article, you’ll learn about the process your employer will use when … Continue reading →
In most cases, the answer is no. Bankruptcy allows debtors to wipe out, or discharge, many debts including things like credit cards and medical bills. These are unsecured debts. Student loans are also unsecured debts, but Congress has given student … Continue reading →
When you file a bankruptcy, your tax refund is an asset of your bankruptcy estate. Your tax refund may include an earned income credit (EIC). When it does, you could have a big refund coming to you. Whether your trustee … Continue reading →
Tax debt can’t usually be wiped out, or discharged, by filing bankruptcy unless it is old and you meet some very specific requirements. It depends on when the tax return was filed and what kind of tax debt you owe. … Continue reading →
